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Monthly archive October, 2017

AUDUSD – Aussie Dollar Remains in Nasty Downtrend Vs US Dollar

Key Points

  • The Aussie Dollar tumbled recently and declined below 0.7700 against the US Dollar.
  • There is a monster bearish trend line forming with resistance at 0.7675 on the hourly chart of AUDUSD.
  • Recently in Australia, the Producer Price Index Read More →

NZD/USD: 0.6820 Immediate Target; Weekly Close Key – NAB

NAB FX Technical Strategy Research maintains its bearish NZD/USD bias noticing that the bearish monthly reversal pattern produced in August 2017 remains the dominant technical factor as it has been confirmed by a LT momentum failure and negative LT momentum Read More →

USDJPY – US Dollar To Correct Lower Vs Japanese Yen

Key Points

  • The US Dollar struggled to break the 114.25 resistance against the Japanese Yen and moved down.
  • There was a break below a major bullish trend line with support at 113.85 on the hourly chart of USDJPY.
  • Recently in Read More →

EUR/USD: Where The ECB Could Surprise? Key Levels To Watch – NAB

NAB FX Strategy Research discusses EUR/USD outlook ahead of the ECB meeting on Thursday.

"We’re pretty much in with the crowd in expecting the current EUR60bn per month APP being cut to EUR30bn, which we think the ECB will Read More →